Kardec Trader says only 4 or 5 days a month are worth trading on. The rest of the time, sit out. Bad trades drain your money and your confidence.
Four or five good trading days out of ~20 trading days per month.
Out of 20 trading days a month, the market will give you four or five good trading days. I want to be there when the big days happen. My setups happen. I want to execute those setups. That requires you to have patience. That requires you to sit in your hands. That requires you to show up to the market and be like, okay, there's nothing today. I sat here for three hours. I didn't make a dollar. But I'm cool with it. Why? Because my mental capacity is important to me and my financial capacity is important because now I go tomorrow, unless it tomorrow, there's no setup and I blow 10k, 20k. Now not only did I lose 10, 20k, I also destroyed my mental confidence. So now the next day when there is a setup, I'm not going to execute it because I lost a 20. Scared, I'm hesitant. So I destroyed the good trading day because I took a bad trade on a bad trade.
